3711 W 140th ST Active Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44111
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Great Western
MLS Listing ID 5132456
Year Built 1925
Annual Tax Amount $6,180
Tax Year 2024
Lot Size 4,399 Sqft
Property Sub-Type Mixed Use
Property Description
VALUE-ADD MIXED-USE OPPORTUNITY | 3711 W. 140th St, Cleveland, OH 44111 | $285,000
Investor special. Unlock the full potential of this solid brick mixed-use building located in the heart of Cleveland's West Side. Featuring three residential apartments and two commercial units, this property offers significant upside through rental increases and commercial build-out.
(2) Two-bedroom, one-bath units currently renting at $800 and $900 per month
(1) One-bedroom unit currently rented at $500 per month
(1) Finished office space – ready to lease
(1) Retail storefront – needs build-out, ideal for small business or retail tenant
Residential rents are well below market, offering immediate upside by aligning with HUD Fair Market Rents ($1,065 for two-bedroom units and $864 for one-bedroom units). The commercial units offer strong cash flow potential once leased, with estimated rents at $12–14 per square foot annually.
Pro forma cap rate exceeds 12% when stabilized. Ideal for owner-occupants or investors seeking value-add income. Zoned for mixed-use with excellent visibility and foot traffic. Conveniently located near I-71, public transportation, and local amenities.
Do not miss this opportunity to acquire a flexible, income-producing asset in a strong rental corridor. Schedule your showing today.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Special Listing Condition Standard